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1. You just overheard your friend say the following: "Poor countries like Malawi have no absolute advantages. They have poor soil; low investments in formal education, hence low-skill workers; no capital; and no natural resources to speak of. Because they have no advantage, they cannot benefit from trade." How would you respond?
2. Consider two countries: South Korea and Taiwan. Taiwan can produce one million mobile phones per day at the cost of $10 per phone and South Korea can produce 50 million mobile phones at $5 per phone. Assume these phones are the same type quality and there is only one price. What is the minimum price at which both countries will engage in trade?
The political business cycle refers to the fact that about every four years some politician advocates greater government control of the Fed.
At the competitive market equilibrium A.The size of the external cost is Pm-P0 B.The size of the external benefit is Pm-P0 C.The size of the external cost is Pn-P0 D.The size of the external benefit is Pn-P0.
Given this structure, why is it that there is little price competition between carriers on the same route Why is there not more price competition If they do not choose to compete on price in most cases, how do they compete with one another What..
An example of a positive externality is
Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. Which of the following statements is true? The distribution of income is more equal in the United States. The distribution of income is more equal in t..
Give an simple example of a program that creates a GUI with at least one button and several textfields. Some of the textfields should be for input and others.
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
Illustrate what is the fed funds rate in the banking system. Explicates howthe Fed manipulates this rate in order to achieve macroeconomic objectives.
Critically assess these arguments and the evidence for such constraining effects on national policymaking.
"No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist." Do you agree? Explain. How might you use the chapter's concept of cross elasticity of demand to judge whether ..
If their account earns 6 percent per year compounded quarterly, how long will it take them to have a total of $20,000 in their savings account?
One of the basic facts of financial markets is that financial intermediaries, particularly banks, are the most important source of external funds used to finance business. Explain the reasons with few sentences from what we learned in Chapter 8 from ..
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